South Carolina Auto Insurance: Auto Insurance Premiums Increase 16% from 2003 -2004

By Insurance.com Posted : 02/19/2007

Let`s face it. Auto insurancein South Carolina can be expensive and it seems from year to year that it`s only getting worse. But where you live can dramatically affect your auto insurance rate - and not only by the state you live in, but where you live within that state too. A simple move from a rural to suburban community could cost you an increase of hundreds or more a year on auto insurance.

Our "2004 Auto Insurance Pricing Report" below shows the average change in auto insurance premium quotes on a state-by-state basis. According to the report, consumers in South Carolina were paying an average of $1,930 annual auto insurance premium, a 16% increase over the previous year. The average U.S. household is paying $2,343 for auto insurance a year - a 6% increase over the average annual premium quote from last year.

If you`re trying to save money on auto insurance like most consumers are, but you`re not exactly willing to move to Camden, South Carolina to do so, remember that the easiest way to save is to shop around. It`s extremely important to compare rates from multiple companies because rates can vary by hundreds or more from one company to another - for the exact same coverage.p>

2004 Auto Insurance Pricing Report* - Complete Breakdown by State:

State
2003
2004
% Difference
Dollar Change
AL
$1,772.48
$1,908.74
7.7%
$136.26
AR
$1,928.25
$2,188.55
13.5%
$260.30
AZ
$2,410.17
$2,473.20
2.6%
$63.03
CA
$2,122.00
$2,243.08
5.7%
$121.07
CO
$2,447.62
$2,365.93
-3.3%
$(81.69)
CT
$2,331.37
$2,578.42
10.6%
$247.04
DC
$2,290.17
$2,366.66
3.3%
$76.49
DE
$1,994.38
$2,073.66
4.0%
$79.28
FL
$2,238.79
$2,477.01
10.6%
$238.21
GA
$2,010.22
$2,131.47
6.0%
$121.25
IA
$1,492.17
$1,536.80
3.0%
$44.63
ID
$1,553.92
$1,678.68
8.0%
$124.76
IL
$2,177.62
$2,093.56
-3.9%
$(84.06)
IN
$2,041.12
$1,915.77
-6.1%
$(125.35)
KS
$2,158.71
$2,027.15
-6.1%
$(131.56)
KY
$2,389.38
$2,483.06
3.9%
$93.68
LA
$2,677.71
$3,256.29
21.6%
$578.58
MD
$2,539.79
$2,757.83
8.6%
$218.04
ME
$1,447.75
$1,433.81
-1.0%
$(13.94)
MI
$2,556.89
$2,562.48
0.2%
$5.59
MN
$2,223.01
$2,326.08
4.6%
$103.07
MO
$2,173.64
$2,081.56
-4.2%
$(92.07)
MS
$2,088.66
$2,230.17
6.8%
$141.51
MT
$1,627.92
$1,834.27
12.7%
$206.36
NC
$1,349.66
$1,222.22
-9.4%
$(127.43)
ND
$1,684.24
$1,783.28
5.9%
$99.04
NE
$1,680.72
$1,745.47
3.9%
$64.75
NH
$2,589.63
$2,228.85
-13.9%
$(360.78)
NM
$1,999.47
$2,138.48
7.0%
$139.01
NV
$2,275.38
$2,577.66
13.3%
$302.28
NY
$3,286.70
$3,292.11
0.2%
$5.41
OH
$1,925.45
$1,884.41
-2.1%
$(41.03)
OK
$2,063.77
$2,202.70
6.7%
$138.94
OR
$1,738.63
$1,807.54
4.0%
$68.91
PA
$2,607.86
$2,760.26
5.8%
$152.41
RI
$3,036.70
$2,810.74
-7.4%
$(225.97)
SC
$1,659.34
$1,930.81
16.4%
$271.47
SD
$1,737.15
$1,742.11
0.3%
$4.95
TN
$1,811.24
$1,869.48
3.2%
$58.23
TX
$2,569.54
$2,625.37
2.2%
$55.82
UT
$1,709.98
$1,811.16
5.9%
$101.18
VA
$1,637.48
$1,801.15
10.0%
$163.67
VT
$1,492.60
$1,608.75
7.8%
$116.15
WA
$2,121.07
$2,179.79
2.8%
$58.72
WI
$1,815.58
$1,806.67
-0.5%
$(8.91)
WV
$2,456.90
$2,574.39
4.8%
$117.50
WY
$1,868.74
$2,096.09
12.2%
$227.35

*Note: This report is a broad indicator of pricing activity in the personal auto insurance marketplace. It is not a comprehensive index as it reflects only the pricing activity of carriers that have participated in the ComparisonMarket auto insurance marketplace and the aggregate profile of consumers who shop at ComparisonMarket.

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